Anglo American plc (AAL) Stock Rating Reaffirmed by HSBC
Anglo American plc (LON:AAL)‘s stock had its “hold” rating restated by research analysts at HSBC in a report issued on Friday. They presently have a GBX 1,100 ($13.65) price target on the mining company’s stock. HSBC’s price target indicates a potential downside of 10.93% from the stock’s current price.
A number of other analysts have also weighed in on the company. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 1,300 ($16.13) target price on shares of Anglo American plc in a research note on Friday. Liberum Capital reiterated a “sell” rating and issued a GBX 575 ($7.13) target price on shares of Anglo American plc in a research note on Friday. Citigroup Inc. reiterated a “sell” rating on shares of Anglo American plc in a research note on Wednesday, November 23rd. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 1,200 ($14.89) target price on shares of Anglo American plc in a research note on Tuesday, November 22nd. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 975 ($12.10) price target on shares of Anglo American plc in a research report on Tuesday, November 22nd. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 869.62 ($10.79).
Anglo American plc (LON:AAL) opened at 1237.00 on Friday. The stock has a 50 day moving average price of GBX 1,112.89 and a 200 day moving average price of GBX 861.44. The stock’s market cap is GBX 15.96 billion. Anglo American plc has a 52-week low of GBX 215.55 and a 52-week high of GBX 1,270.50.
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In related news, insider Mphu Ramatlapeng purchased 290 shares of Anglo American plc stock in a transaction that occurred on Wednesday, September 28th. The stock was bought at an average cost of GBX 937 ($11.62) per share, for a total transaction of £2,717.30 ($3,370.92).
About Anglo American plc
Anglo American plc focuses its business on its portfolio of diamonds, platinum group metals and copper. The Company’s segments include Platinum; De Beers; Copper; Nickel; Niobium and Phosphates; Iron ore and Manganese; Coal; Corporate, and others. It produces platinum group metals (PGMs), which provides approximately 40% of mined platinum and its operations are located in the Bushveld Complex in South Africa.
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